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Alterra Power plans 50MW to go online at Mariposa, Chile by 2016

MP 3 drilling site, Chile (source: Magma Energy)
Alexander Richter 1 Sep 2011

Alterra Power Corp plans to have 50MW in generating capacity installed on its Mariposa geothermal license in Chile's central region VII.

Reported yesterday from Chile, Canadian “Alterra Power Corp plans to have 50MW in generating capacity installed on its Mariposa geothermal license in Chile’s central region VII by 2016, the firm revealed in an investor presentation.

According to the firm’s estimates, projects up to 320MW in capacity could eventually be developed on the Maule asset.

Resource estimates are based upon a slim-hole exploration campaign conducted towards the end of last year, and Alterra has since unveiled plans for a US$50mn large-hole exploration campaign on Mariposa starting in November.

The company holds a 100% interest in the asset, though it has previously held talks with several interested parties over potential farm-outs.

Alterra has two more assets in Chile, Los Cristales to the south of Mariposa, and Tres Puntas in northern region II. Elsewhere in the region the firm holds the Crucero and Lorascota licenses in southern Peru, and two more interests in Argentina.”

Source: BN Americas